38.9% increase in PTCL profit in 6 months, the country’s renowned telecommunication service announced its financial results for the first half of 2022, in its Board of Directors’ meeting held in Islamabad.
PTCL grew its profit by 38.90% during the period, said the reports. Pakistan Stock Exchange (PSX) reported a profit of Rs. 5.18 billion in the first six months of the year as compared to the previous year of the same duration the profit was Rs. 3.73 billion.
During the first half of 2022, Pakistan’s leading telecommunications company successfully managed to keep the rate of top-line growth, which helps in further building up as an integrated telecom services provider in Pakistan.
The strong revenue generated by the PTCL (Pakistan Telecommunication Company Limited) because of strong performance in the consumer segment led by fixed broadband, network data, and business solutions.
The microfinance services supported the firm in achieving a 5.7% increase in profit over the modified period including the challenges of the increase in the AIT (Advance Income Tax) and deduction in MTR (Mobile Termination Rates)
However, the same firm has reported a loss of Rs. 3.05 billion during the first six months as compared to a profit of Rs. 2.93 billion in the same tenure. 38.9% increase in PTCL profit in 6 months.
The firm’s revenue of Rs. 40.0 billion for the period is 4.7% higher as compared to 2021 as it’s mainly generated by the growth in broadband and business solutions.
PTCL grew its profit by 38.90% during the period, said the reports. Pakistan Stock Exchange (PSX) reported a profit of Rs. 5.18 billion in the first six months of the year as compared to the previous year of the same duration the profit was Rs. 3.73 billion.
38.9% increase in PTCL profit in 6 months.
